ACI offers cloud-based payment connectivity to Swift

20 September 2016 | 2771 views | 0Source: ACI Worldwide

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced a partnership with SWIFT for Alliance Lite2, the cloud-based connectivity to SWIFT.

Available through ACI’s global payment processing solution, Money Transfer System (MTS), ACI is offering this new cloud-based connectivity to provide faster, cheaper access to SWIFT.

ACI offers its SWIFT messaging suite and Alliance Lite2 as a fully integrated, end-to-end solution offering full regulatory compliance and ease of connectivity. It is also integrated with other payment types, providing a single point of access for all payment needs.

“We are delighted to partner with ACI on the Alliance Lite2 for Business Applications program,” said Edward Adams, head of business development, North America at SWIFT. “Through ACI’s industry-leading solution with MTS, Lite2 will provide a seamless, efficient way for banks to connect to SWIFT.”

MTS is a global payment engine that offers multi-bank, multi-currency and 24x7 payment processing capabilities. It also provides seamless integration with multiple clearing and settlement mechanisms, as well as SWIFT messaging. Alliance Lite2 provides a new, fast and cost effective connectivity option to SWIFT. With interfaces directly to SWIFT, as well as multiple real-time gross settlement (RTGS), low value and ACH and real-time immediate payment networks across the globe, the system is a single, integrated solution for domestic and international processing.

“SWIFT is the premier messaging network for banks—and now through Alliance Lite2, ACI’s customers can connect directly to the network via the cloud,” said Jennifer Holton, vice president, UP Transaction Banking, ACI Worldwide. “With SWIFT, we can provide a reliable, cost-effective and flexible transaction banking solution to a broad array of our customers.”

Money Transfer System is part of ACI's UP Transaction Banking solution. ACI's Universal Payments (UP) portfolio of solutions orchestrates all aspects of payments processing for any payment type, any channel, any currency and any network. ACI will feature UP Transaction Banking and UP Immediate Payments demonstrations at Sibos, SWIFT’s annual financial services industry conference, September 26-29, in Geneva (booth F-59).